DWAC just wow... 11 to 27

[KCalhoun]

nice

 

[unconventional wisdom]

on reddit i believe they call that the giga-candle

 

[george_the_second]

I went short on it. Ask me anything.

 

[unconventional wisdom]

I went short on it. Ask me anything.

why? and with what stop-loss?

 

[KCalhoun]

my top call is here, not a reco

 

[george_the_second]

I thought it would hit the pre-market high of $20 and reverse. Plenty of shortable shares so I thought it would make sense to average up just a little once it broke that level. And maybe a bit higher once it broke the next add, it can't go to infinity, right? I bailed out at $26 when I realized this train isn't stopping.

 

[vanzandt]

on reddit i believe they call that the giga-candle

I call it a market top.
People are idiots.

 

[NumberZ]

I don't understand. Short? Short is going down. It looks like it is going up.

 

[Snuskpelle]

I don't understand. Short? Short is going down. It looks like it is going up.

Uh yeah some people are just too quick to jump in front of an approaching train on the belief it might soon be reversing, failing to respect its inertia.

Edit: Not pretending I haven't committed this fault myself, especially in my earlier trading career.

 

[newwurldmn]

I call it a market top.
People are idiots.

Why are you hating on Trump so much?!? You must be a socialist who hates America.